T4 Decision Making Using Excel - Computer and Information Science

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FIGURE T4.17Single ContractorOvertime ScenarioTo create a Scenario Summary Report:1. Select Tools from the main menu, then select Scenarios.2. Choose Summary.3. Choose Scenario summary in the Report typegroup box.4. In the Result cells text box, type in D7, D12, D15,D16, D17. Result cells are the cells affected by the specified scenario.5. Choose OK.6. Excel produces a Scenario Summary Report like Figure T4.19.FIGURE T4.18Message Dialog BoxFIGURE T4.19Scenario SummaryReportPlug-In T4 Decision Making Using Excel T4-11*
*PLUG-IN SUMMARYTechnology can and does play a vitally important role in both supporting decision makingand, in some instances, actually making decisions or recommendations. MicrosoftExcel is spreadsheet software that has an integrated set of tools that combine the analyticalmethods that can be applied to different problems. If function, Goal Seek, Solver, andScenario Manager are analysis tools that have the capability to identify patterns, trends, andrules and create “what-if” analyses.*MAKING BUSINESS DECISIONS1. Spotlight Video RentalsSpotlight Video is a premier video rental company in Denver, Colorado, offering the latestselections on DVD, game, and VHS releases. After DVDs and VHS tapes have been vieweda certain number of times, their quality deteriorates to the point that Spotlight Video considersthem to be defective. Furthermore, some customers own DVD and VHS players thatare defective and can ruin Spotlight Video’s merchandise.Spotlight Video wants to maintain an inventory of DVDs and VHS tapes that are at least85 percent acceptable; although 95 percent is preferable. However, since it can’t keep customers’machines from damaging the rentals, Spotlight Video has had to relax its criterionFIGURE T4.20Spotlight VideoReport SampleT4-12 Plug-In T4 Decision Making Using Excel*
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Page 13 and 14: 3. DVD SalesHans Hultgren, the sale

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